Saxo Bank strengthens in trading by completing the acquisition of Binck Bank for 424 million euro. The operation, announced to the market last December, envisaged an offer to shareholders of 6,35 euros per share: 94,36% of the capital subscribed, bringing the total in the hands of the Danish fintech to 95,14%. This is the most important extraordinary operation of the year in the European trading market.
With this acquisition Saxo Bank, which has its headquarters in Copenhagen, also expands into the Netherlands and other continental markets where BinckBank had built a base of over 600 customers.
The operation also involves Italy, given that both companies are already active in our country. In particular, Saxo Bank has entered into a strategic partnership with Banca Generali, which has given rise to BGSaxo, the SIM that offers access to trading platforms and global markets to all clients and financial advisors of the bank.
“We are proud that Binck is joining the Saxo Bank Group – comments Gian Paolo Bazzani, country manager of the venture between Banca Generali and Saxo Bank in Italy – we have always thought that it is a win-win for all the parties involved: the two companies, the people who work there and the customers”.
